As a savvy investor, it’s essential to know the importance of adding real estate into your portfolio. While diversification is a big part of it, there are many other great reasons why you should be adding real estate into your portfolio in Metro Detroit. Learn more about how to get started in our latest post!

Real estate should be incorporated into every investment portfolio for a multitude of reasons. The tax benefits and security alone are enough to make an investor see just how beneficial adding Metro Detroit real estate into your portfolio can be! Below are only a few of the perks. Contact our team any time to learn more about how investment real estate in the Metro Detroit area can benefit you!

Tax Benefits

Adding Metro Detroit real estate to your portfolio will offer you a number of benefits. There are several deductions you will be able to claim for the properties you purchase. Things such as maintenance, repairs, travel expenses, taxes, and legal fees can all be written off. Also, the new tax rules allow investors to take 100% of their depreciation deductions upfront instead of having to break them out over several years. Investors will not have to face self-employment tax with real estate investments which can save thousands as opposed to other income streams.

Control

Adding real estate to your portfolio gives you an element of control not found with other investments. You decide how much to invest in the property, what to add, and when. You choose the monthly rental amount, when to sell, and who occupies the space. All in all, you call the shots, leaving your income potential entirely up to you. Many investors love the sense of control and independence owning investment real estate can provide. By adding real estate to your Metro Detroit real estate portfolio, you’ll be able to have more control of exactly how much you are making.

Long Term Security

Real estate can be a source of passive income. You can still keep your day job while enjoying the profits from your Metro Detroit rental property. A property occupied by the right tenants will provide you with a steady source of income month after month. Choose a rental property that is located in an area with room for growth. Ideally, you want to see your property values rise quickly in the not so distant future. Houses don’t appreciate at the same rate year after year, so look for a neighborhood with the potential for a big jump in value. When you own a house, you also have the ability to live there at some point. It can be nice knowing that if you ever need it, the property is there. While any investment comes with a risk, real estate will usually appreciate over time. The stock market can be a bit more volatile.

Diversification

Adding real estate to a portfolio of stocks, bonds, and securities can help to lower your overall risk. A smart investor will have a highly varied portfolio, keeping their eggs in a number of baskets. You should also diversify within your real estate investments. Single-family houses, multi-family properties, apartment complexes, commercial rentals, and even agricultural land can be a great investment if the profits are there! The real estate you own can often be used in a number of ways as well. You can choose to use it as a long term rental, a short term rental, or flip it if the time and price are right.

Income Producing

Your investment property should be bringing in a stable income each month. The mortgage you are paying for the property is usually covered as well as taxes, maintenance, and other ownership costs. The property can literally pay for itself in addition to bringing in a steady profit. The profits can then be reinvested into other properties, helping you to build your empire. If your property isn’t providing for you in this manner, consider selling the property and reinvesting elsewhere. Not every property is going to be profitable. While knowing what to look for will help you make a great buy, you may find that the numbers aren’t what you’d thought they’d be. Don’t stay stagnant in this state for too long! Sell the property and invest your money into a different piece of property that has a better chance of seeing a profit.

Our team can help you add the best properties into your real estate portfolio! There are many other benefits real estate investment can provide in addition to what is listed above. Our team is ready to help you get started on your investment journey today! Whether you are a seasoned investor or you’re just interested in what we can offer, our team can help you reach your goals. We’re happy to answer any questions you may have!

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Hear What Others Have To Say…

“Thank you for sending your letter. I didn’t know what I was going to do with this house since it wasn’t in any condition to list with a realtor.”

Gloria B.

Thanks for buying my Mother’s home. It was a big help that you were able to buy it without us having to clean it out and get it ready to sell. My mother had accumulated lots of stuff and after the stress of her long illness I was exhausted and I dreaded dealing with all of it. I also liked it that you gave me a very fair price for the home. I’m on a fixed income and that really helped a lot.”

Henry G.

“Thank you for making it simple to sell my parent’s home. Words can’t express how emotional it was having to sell the house I grew up in. Thank you for being patient with my sister and me, for making the process simple, and for making us a decent offer instead of lowballing us like a lot of the other people that sent us letters did. You helped make the best out of a really horrible experience without the high pressure that some of the other buyers put on us.”

Brent and Lynn J.

“Dennis – thank you for helping us with our Mom’s home. This was a very traumatic experience for us, and we appreciated your patience with all the emotions we experienced during the process. You were really patient and understanding with us during the sale process, and we’re sure that Mom’s home will be in good hands. God Bless.”

Claudia M. and Nancy M.

Mr. Fassett – thank you for working with us to buy my Mom’s home after she passed away. When you mentioned that you would give us an offer within 24 hours and then close quickly I didn’t really believe that we would have the house sold in only 2 weeks. I’m glad I found you.

Michelle L.

“Thanks for buying my Mom’s house. I didn’t know what to do after three real estate agents told me they wouldn’t list it in the condition it was in. I appreciate you being flexible with me and giving me time to remove the pictures and other valuables that my Mom had. Thanks also for not pressuring me to sell like some of the other guys that sent letters. The process was stressful enough without being pressured to sign a contract.”

We are a real estate solutions and investment firm that specializes in helping Michigan Trustees and Personal Representatives with estate and probate homes. We’re not realtors, we are investors and problem solvers who can buy your house fast with a fair all cash offer.

We’ve been working with estates now for over ten years. Let us help you. Call (248) 460-1606.